Cost of Living in Palmetto, FL
Housing
The housing market plays a significant role in determining the cost of living in Palmetto, FL.
- Housing Index: 115.0 / 100
- Median Home Price is: $285000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1825 per month
Considering your options in Palmetto, FL, the housing index of 115.0 suggests a moderately competitive market. With a median home price of 285000, buying a home here may be appealing for long-term investment. However, be mindful of the average rent for a 2BR apartment at 1800 and a 2BR house at 1825. While renting offers flexibility, it can be pricey, so evaluate whether sustaining a rental is a viable option for your budget. Additionally, this area might offer unique amenities and a strong community, key factors to consider during your decision-making.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Palmetto, FL.
- Electricity Price: $13.89 USD (median by state)
- Natural Gas Price: $26.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Palmetto, FL could entail higher utility costs. Electricity costs sit at $13.89, while natural gas is priced at $26.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Palmetto is a financially viable option for your relocation.